We have the potential of a D-Leg completing for a Bullish Bat....today will confirm if that is the case....with a nice run up to at least the B Point or higher.....or if it fails and continues further down. I dont consider the Blue Line being a full on break until we go below 700 and stay there. If that occurs....I will be looking for HEAVY support in the 600-500 range. AS expected further chop will likely continue as we see a rotation of positions through all indexes and sectors now that Earnings season is mostly over.
Patience is Key.
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Patience is Key.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.